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Chancellor calls economy ‘stuck, not broken’ but there are signs her policies have added to the UK’s economic headwindsBusiness live – latest updatesUK economy flatlines in JulyBusiness rates rise putst big shops at risk, say retailers“Our economy isn’…
Official GDP figures confirm widely expected slowdown after strong expansion in first half of the yearBusiness live – updates throughout the dayThe UK economy flatlined in July, according to official figures, in grim news for Rachel Reeves as she gears…
Rain Newton-Smith tells chancellor ‘the time for tinkering is over’ and revisit promise not to raise taxes on working peopleCBI chief: ‘It’s time for Reeves to reconsider Labour’s manifesto promises on tax’The boss of the Confederation of British Indus…
CBI survey shows firms cutting hiring and investment as profits squeezed, with outlook gloomy for rest of yearBusiness confidence plunged this month across the UK’s services sector as mounting cost pressures and weak demand hit profits and undermined t…
Size of the task remains unclear but the chancellor will have to act in the face of expected growth downgradesUK borrowed less than expected in July in lift for ReevesBusiness live – latest updatesDespite a good month for the public finances, the Treas…
Growth of 0.3% is a positive sign but the chancellor still has major difficulties to confrontUK economy posts 0.3% growth in three months to JuneBusiness live – latest updatesBritain’s economy has defied the doomsayers. After growing strongly in the fi…
GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion in JuneBusiness live – latest updatesThe UK economy grew at a faster rate than expected in the second quarter, official figures show, despite a slowdown from a stro…
Unemployment remains steady but vacancy rates drop and pay growth slowsBusiness live – latest updatesAnalysis: this is a slowdown, not a collapseEmployers have cut annual pay increases and pared back hiring in recent months as the economic slowdown too…
Bank’s policymakers cut base rate by quarter point to 4% amid concern about strength of UK economy• Business live – latest updates• What the rate cut means for mortgages and savings?The Bank of England has warned that soaring food prices could drive in…
Bank’s policymakers cut base rate by quarter point to 4% amid concern about strength of UK economy• Business live – latest updates• What the rate cut means for mortgages and savings?The Bank of England has warned that soaring food prices could drive in…